Chongqing Zongshen Power Machinery Co.,Ltd.’s Net Profit Dropped 20.9% in 2022

Chongqing Zongshen Power Machinery Co.,Ltd. (重庆宗申动力机械股份有限公司) (001696.SZ) reported a net profit of 406 million yuan in 2022, down 20.9% year-on-year.

Meanwhile, the company posted 8 billion yuan in revenue, down 13% year-on-year.

At the end of the reporting period, it had 8.6 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 40.8%.